Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions.The bank, as widely expected, also boosted its quarterly dividend by about 6 percent to 75 Canadian cents a share.Canada's largest bank reported net income of C$2.38 billion($2.17 billion), or C$1.59 a share, for the third quarter ended July 31, compared with C$2.29 billion, or C$1.51 a share, a year earlier.The increase came despite a slight drop in profit from RBC's core personal and commercial banking business because of the sale of its operations in Jamaica.
Royal Bank of Canada, is a Canada-based banking company. Shares of RY traded higher by 0.39% or $0.29/share to $74.65. In the past year, the shares have traded as low as $60.76 and as high as $74.82. On average, 422248 shares of RY exchange hands on a given day and today's volume is recorded at 674974.
Royal Bank of Canada, is a Canada-based banking company. Shares of RY traded higher by 0.07% or $0.06/share to $81.66. In the past year, the shares have traded as low as $63.62 and as high as $81.91. On average, 1838120 shares of RY.TO exchange hands on a given day and today's volume is recorded at 2007814.
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